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Full Show 1-19-18

Jan 19, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. We are closing in on a potential government shut down as the clock ticks towards midnight tonight. That's the deadline that congress has to get a bill to president trumps desk in order to avoid a government shut down so obviously we're going to be focusing on that today. We've got Larry Kudlow from CNBC coming on later this hour we've got updates on the stock market. Hope wants to cover and we've also got someone. They introduced you as a new fill in for buried today very Armstrong out today checks out here as well as. Peter how Peter how is the former state house correspondent for the Boston Globe is the former chief daily business reporter for doing cable news he's currently senior advisor dent their line communications. We've got pleasure out Peter in studio today here. But chuck are to be here nobody can fill in for Berry voting and do the best they can't. Net now Peter while our radio listeners don't have to deal with this that the folks that are watching on FaceBook know that we broke in the golden rule of video. Which is don't have to balding guys on the screen the same time with the beard. With Beers and elect which we just look like a bunch of upside down heads here you know that's that's kinda what we've got but we've got a whole stack to get through today so. What are we start let's let's talk a little bit about what we have going on. Down in DC we've we've got this potential shut down its coming today. And where we stand right now the house passed a stop gap measure last night now looking to kick this over to descend to see what they duel for there. And at the current rate it's looking like the Republicans would be to get something like twelve Democrats in the senate to come line. With them I would proceed on the assumption that your government is gonna shut them out that actually means at the end of the day. To most people is very little that's the big question yeah yeah you still have TSA east of Social Security checks going three stolen. Poultry inspectors making sure you don't get death chicken in the supermarket. And really a lot of this comes down to shockingly enough. Feeder and the blame game which Washington specialist. So when we talked about a government shut down and what it actually means this is one of the things that I do find fascinating because you hear the terms government shut down and as you said you you fear the worst you like oh my not going to be able to get on a plane. You know is is everything gonna just you grind to a halt anywhere in the government. In the answers really know most of the business kind of goes on as planned in the military doesn't stop working because there's a government shut down. As you said TSA folks don't stop checking people at the airport you can't just go through and get on to a plane was no security. It really is a lot of kind of peripheral functions that don't happen but those functions still do have some importance for a lot of folks who may have made plans based on well you know certainly. The research functions of government. You know it's in some ways its harder to point to what does change than to point to what doesn't change of yeah for example there's above protest on the National Mall. When his march on the National Mall. National Park Service will still have Rangers there and people patrolling. On the grounds that you know there are provisions for First Amendment activities make sure that here's activity there I think that to the last government shut down. And going out that when he thirteen striker Tino still owed NEC and and going under a mystery about what was the actual impact Cameron run up to Lexington and the battle road national park yep and they'd put out orange cones on the side of the roads have you couldn't park your car and go for a walk down the battle road. And obviously that was as people describe to Becton vindictive shut down fear the Obama administration was looking for ways to try to make an impact on people there was zero need for the Collins. But political value here's question that I have on that. If you went in moved the tones out of the way. Because there's a shut down in theory there should be no one to move them back right. Well I I would think that the federal. Into a comb removal force idea qualify as an essential government function that would continue. But you'd talk about what's just answer national parks do typically closed I think most times if you are in one of these parks' camping or something. I think you have up to two days to depart I believe that's how tip of the typically works. Washington sits down a lot of the tourist sites on the museums the Smithsonian and so forth. Those typically shut down. I know that mail continues and there's no disruption in the post office correct. Air travel there's no disruption on that side of things. Courts remain open so few of you know federal court cases that are ongoing those are still in progress. You don't see any changes for Social Security checks as you mentioned the military stays you know working in continuing to function. So it's it's kind of these peripheral things. More than anything else that all that changed largely during a government shut down. Well and you know one of the things the last time around mortgage and loan applications. You know ground to a halt because there were people staff they are two. Reviewed though right you do see a lot of nonessential personnel there that are furloughed in the event of a shut down so that's something interesting just when you talk about how you know that the housing market. You know starts to ramp up in the spring if you do see any kind of prolonged shut down even for a couple weeks as a heading into the busiest time of year. Back because of backlogged it continues into the spring. Correct yen and the thing to bear in mind is a lot of this comes down to which parties in the White House how bad they want that shut down to be how much. Political upside to the seat to disruption an annoyance for voters. If you look at this time around there's a lot of incentive for the trap administration that didn't exist for the Obama administration to try to make this is seamless end. Impact free as possible yup and in so we'll continue to be updated on this story. Obviously no progress to this point but we still do have a little ways to go before we get to that deadline. At midnight tonight. Let's get a little bit of news at IBM some good news on the revenue side they grew there revenue. For the first time since 2012. That was good news although the this is a very complicated story to figure out because the a company also elected take. A colossal five point five billion dollar charge related to the new US tax while and so the stock actually went down and it looks like all things being equal. Net profit which is the number one thing I think he should be focused on as an investor. That went sideways to down with a IBM I think you know what I was used to do was reported hurt. With these stories when it got confusing I would look at word of the stock price wind up and to me that was right collective wisdom so IBM was down three point 1%. In after hours trading yesterday heaven and a moment to look at it. Where it is today but despite this top line growth. And it investors are concluding smarter mr. Amir concluding this is necessarily great. News for big blue yet in this is accompanied that it I find that the history of IBM over the last thirty years or so pretty fascinating because you look at what they were in the 1980s and it was mainframe computers that's what we do win and they put a lot of other companies in that business out of business because they were so good out. Ian the the ninety's you saw the transition to the PC and IBM. Lost their way a little bit here and there in the in the early to mid ninety's. But in the late nineties the kind of found their way through the marketing of these services they turn themselves into a services company. And then they kind of lost their way again for maybe six or seven years rebounded a little bit in 2010 and 2012. In the last three years they've gotten whacked because they haven't been able to make a quick enough conversion over to the cloud where everyone's business wants to go so. It's accompanied it it shows you that an attack. In a twenty or thirty year period go through three to four different technology iterations that you have to be able to adapt and it's been tough for them and you hope that with with revenue growing at least now. Maybe they're able to turn the corner into that next step. But it's it's always a complicated moving tech especially for company this day and it semis it's kind of amazing that they're still here it is if it is it's it's someone a testament to their long term. Leadership just they they kinda ticked because there's such a big company takes awhile to to kind of steer that ship into a new direction. And they're still doing you know and non trivial matter of mainframe computing and yup traditional answers as I missed my IBM PPC at a fabulous keyboard would forties now. These days I'm on an apple but aria I'm I'm old enough to remember working and a 1980s IBM. PC that had a five inch floppy disk that I put in and Malia now you're looking at me sad way to know even before yet the other big what was it like the nine inch floppies that they originally started out with I think I remember my the first computer that I remember it was maybe three years old and they still had it was one of those you with a five inch in the the big ones as well. And I believe in the the US nuclear missile program they still used whose big nine inch ones in the reason for its outlook has some great technology. They're not network those who can't happen. And that's why they still use interest is they don't want anyone hacked in and launch something. That they're not supposed to there. Sooners from American Express they reported earnings as well little bit of a beat for American Express on earnings. But gave a little bit of guidance as far as their stock buyback program that was disappointing to investors. Yet this again another one of these consequences of the new tax law that they're essentially suspending. Them this year buyback. To rebuild capital looks like you know a good time for them 223. Amass some money in the war chest so short term hit for investors but. It looks like for long term gain. Lastly before we head over to a quick break one more story here Tesla is bringing their model three to three East Coast show rooms including. One in Boston on board Austin street. Very sector see this it's a car that ostensibly starts at 35000 dollars but I don't think you'll drive away with one for under forty in the real world. But this potentially is the point at which electric cars hit the inflection point and people like me who might have had to buy a mini banner something out scale to buy a very cool sexy Tesla at a fort. Priced well and and you and I were talking before we started the show today in both of us were saying gee you know some of these people who Pena 80000 dollars for a model that's. We can't imagine ourselves doing this but you start to get the price point Downey's say. Okay at least it's competitive and kind of in my head at least. This does bring us to our poll question of the day it's up right now on financial exchange show dot com. Head over there invoked once again it's over at financial exchange showed dot com do you see yourself buying in electric car. In the next three years not necessarily one that's out today but just any electric cars it's something that you could see yourself buying. In the next three years the two answers are yes no there's no room for maybe I can head over to financial exchange show invoke right now. On our poll question of the day. We're gonna take a quick break but when we come back. We talked about why the SEC is worried about future plans for crypto currency. ET apps that's right after this break on the financial exchange radio network. Markets are. But questions remain about whether or correction is coming. We've got you covered every day with what's not and what's not from Mike Armstrong morning's in 1030 only on the financial exchange radio network. Are you financial advisor who's been serving your clients diligently and successfully for the last thirty years how much longer be planning on operating your firm and if you're closing in on retirement. 100 years of combined experience in the financial services industry if you're interested please call me at 803934. Zeros or one that's 803934001. Or visit us online at Armstrong advisory dot com. Juries are for two securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. Tony seventeen saw record growth in the stock market and I hope that bodes well for all you when your clients of ours are not hi this is Mike Armstrong the incredible arises stocks was really due to a couple of key factors first corporate earnings which are substantially last year and second the so called bank stocks made the FaceBook Amazon apple Netflix and alphabet formally known as do. Which had a profound effect on economic growth in the market can 2018 B is good or better time will tell but the signs are there that more growth is certainly possible I got a brand new guide out this month that reviews the market's performance from last year and forecast what might come this year it's called the 2017 year in review and 2018 forecast in you need your free copy by calling 803934001. That's 803934001. Or download it right now it Armstrong advisory dot com. Security czar for securities America incorporated member finreg SIPC advisory services over the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Our our strong here and I'm joined by estate planning attorney Todd lots ski from law firm of Cushing and Dolan were talking about last minute planning techniques can help save your assets and you know in the past Todd we've talked about married couples. What does somebody do that single or widowed or divorced. And they had assets and they may have children in the Manhattan nieces and nephews and hip favorite charities that it would they wanna leave their money should. But they get sick at their nursing home in the bills accompany him. And you know this is why we stress us all much to folks that families that that when they're in this situation. Don't just write the check. In think there's nothing that can be you know you think in the five year rule that you don't have to do. Seek out you know an elder law attorney and and find out what can be done in this case. I would probably say. House now accountable. If I check a box and you intend to return home a little lean on it but it's not accountable so that's good but the money that I wore. So they've got money that what you need to do is you either can do and other annuity. An annuity is a technique that allowed you to pine annuity and have money pay out as an income stream. Two with the institution and lose Jules yet you lose the income stream while you're in the nurse yes that income does go to the nursing home. But they're on Medicaid instead of on private pay what you can look at these pooled trust that you might be really old and if you're liking your late 80s90s annuities aren't gonna work right so that you need to go to this pooled trust idea. Put money in the air. And still get on Medicaid as well but they'll have a payback provision but at least two beyond that even single people can protect their assets last minute how do you do so well he call Cushing in goal and an 8668485699. And you request their guide last minute planning techniques that can help seed your assets if you want to guide right now simply go to legal exchange showed dot com and it's legal exchange showed dot com or call them to all free at 8668485699. Security suffered two securities America income members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchange for Barry and chuck is alive on FaceBook and YouTube every morning beginning at ten. This is the financial exchange radio network. We know that many of you have jobs that keep you busy all day long so we've made it easier to catch up with financial exchange what is most convenient for you just download the I heart radio app on your phone or tablet. Search for the financial exchange yup access to all of our content including individual segments. And full shows. Peterson news out of the SEC. Overnight. Saying that they have some significant issues with some of these ETFs letters that are trying to. Allow people to effectively trade on crypto currencies big point in the and in pretty much what they've come out and said. Is they've said look there's a ton of volatility in these currencies to begin with so how do you want to try to deal with that and beyond that. A lot of those currencies are necessarily would quit and so how do you want to note mesh a product that's supposed to trade second to second. With something like big point it doesn't necessarily settle for six hours or so and so there's some problems on that front. It's it sounds like they're casting a pretty skeptical on count on at least the early proposals. And I got my take is that is a very Smart thing to do might super cool Smart nineteen year old son. Asked me about should he put some money to big coin and I said Carter and actually understand this. And what I would like is if say a fidelity. Or room Wellington came out with a and actively managed. Crypto currency mutual fund were I was paying Smart people to figure this out for me okay might potentially invest here but. ETFs. Investing in something that is this small hole in this confusing in this hard for most people really. Understand and explain I I would see this is the SEC doing the right thing by investing American. And in what's interest in a lot of people still don't know exactly what bitcoin is you know some people who have talked to think it's actually coined some people think it's a stock people people don't really have a good conception I think of what it is. And part of that is because it's. It's a rather complicated. System to explain it's it's not easy to exploit you can't just it's not like a stock re saying hey if you own stock you own part of a competent. They're going to saying there well you've got these people mining bit coins and their processing transactions and you can transfer you sit there and there's no easy explanation for. Several look like a bunch of people got together and started using clam shells to barter warning or nail clippings now at current things like it's. Is there any say okay there's a limited supply of these clam shells and so we're gonna start. It it almost feels on one level a step backwards. But you know their their parts of it that that the premise behind block chain technology is still think is very intriguing. I just don't know of any of the generations that we have now. Are quite ready for prime time. And of course when people see that this has gone up twenty bit Jillian percent in the last year they think they ought to get some writers do you keep going up exactly and then all Sunni buy in in December now you're down 50%. A headline from the from CNBC today saying football protest at Hertz global 52 viewership. Do you think this is something is going to have an impact on arguably probably the single biggest communal viewing experience every year. This seems a little hard to imagine in large part because you're such an audience of people. You know often female. People who are not football fans would tune in specifically for the ads and work. Right hoopla and I think at the end of the day it will be the odds that NBC's have to do make it with the advertisers because they didn't delivered. Eyeballs for the super bull. It just strikes me that that is a theory. Low probability human I'll I'll tell you what to make it a higher probability of if you end up with the Jackson Minnesota Super Bowl that's our business. Jacksonville Minnesota is every advertisers worst night yeah not the protests in Jacksonville and Minnesota are you got to get plagued portals going up against case keynote tune in now via one no whereas you sit there and say OK if you get you know New England Philly. Okay you ballots ought you've got something here so I think market five market 7 PM my guess is that these it is NBC as this yells correct I guess is NBC is sitting here this weekend says it did they've got their fingers crossed. Brady don't be hurt. Rating don't did they say and please Tom take care of this one friends so I I find. The matchup to be much more instrumental in this is you get Jacksonville Minnesota via. Law in a fortunately I think if that's the case which it don't think it is at the pitcher to go on but. If that happens to be a case I feel like you and see a lot of fake news if you well of the readings dipping as a result of the protest but it at the end of the day it's the pork product what you just mentioned right you're you're going from you know two of the biggest media markets last year yeah New England in Atlanta Q down to Jacksonville in Minneapolis right exactly. That that would be the result of the the diminishing re relating to make a busy putting up this weekend. Patriots and vikings. Legal vikings on the road I am up yet that defense is legit not that Phillies ism but I just think nick fools is a pilot garbage so. That's a slugger. You really think yes that's very nice I've just very disappointed that our Carson once does he was the MVP lead and it would have been a waste it was for Nazi wins vs pre you know out of an unbelievable would have been a great battle zone that's horrific. I got a couple buddies down in Phillies though. Are you root for now Obama among team feel it's a likable team it's also it's more fun to go against that fan base just as there insane Oliveira Nazi like no one is correct we think that Boston fans negative via. Philly fans are a whole different light bright Boston fans are kind of on that lake. On one level in Philly fans are often different. I know my my father actually went to the patriots Eagles suitable back and now actually injectable the other battle today. No bush she just said the Philly fans it were something else trying to say is completely clean as possible on moderates only stories about what he saw. But yeah that's a crazy fan base there in Philly. Essay all you need to know is they haven't jail at the football stadium in Philadelphia specifically or gets rowdy pilots called section twelve is it sponsored fifth. The least you still abuse of the of the field so you can see the field from the jail but you know yeah it's who's brought to you by us it's gotta be some kind of security company like I don't know who but something like flecks of something broad. That would that would be pretty good. Some other information coming on noticeable Pepsi's gonna be prudent to new products in 62 ads one is to read nose bleeds the others Mountain Dew likes. The sounds like to the major food groups for teenage boys right. You know you Matt Matt Underwood to Reno's teenage boys have pretty much and don't appear in college this is targeting youth is. And had a Mountain Dew. She's a once in early 2003. Fourths of Peter. Would it be in November a diet Mountain View and I'd still feel and it the the diet doesn't count it's we all we only count the real thing here but. It yeah it's. Gotta wonder about you know who they're targeting on that one it's it's a pretty narrow Basil heard their bring him back Cindy Crawford that's what I heard for India he had so oh is that right that's when I heard. You drew staying. We'll take a break here when we come back we've got Wall Street watch with Mike Armstrong right here on the financial exchange radio network. Like there's someplace where. What was on Twitter. Show breaking business news is always first right here on the financial exchange radio network. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent today -- zero and leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit www. 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To 900 or email BBO at leader bank dot com for more information member FDIC equal housing -- Time now for mostly watch a look at the market's performance so far today thanks to Darian jug right here on the financial exchange radio network. Joining us now on the line is Mike Armstrong here get up to date on the two biggest stocks moving today Mike let's start with IBM would receive from them. Reported a profit of five dollars and eighteen cents per share which did beat their they're estimates they've. He reported sales growth for the first time in 23 orders which. Page a little bit more time and that's kind of stated that IBM has been in but the company is going to be paying slightly higher tax rate in 2018 did some one time ran out they had 2017 so. Even in spite of these new tax reform bill they are going to be facing higher tax rate next year and investors are not too happy stocks down six dollars 26 cents three point 7% on. Don't know over stock is do their about three and a half percent today. They are and they've had a a pretty substantial move over the last few months. But. They are rumored to be a takeover target for these supermarket giant Kroger. Kroger obviously got slammed street harmony when Amazon purchased. Whole foods and so Kroger out there. My guess here is potentially looking for someone that has really got to delivery game figured out in knows how to do that so. There isn't that the rumors going around stock is up to gosh it's that censor 3% of the rumors. Very good thank you very much Michael gets up this soon thank you to Michael Armstrong with Wall Street watched. Let's studying this story about US oil out of Peter looks like according to. The IAEA. The US is going to become the largest producer of crude oil in the world this year. Which is great bragging rights tremendous reflection on the hydraulic fracturing revolution and you know she'll production. I would say that seem custom fascinating thing about this story out of the Wall Street Journal. Is. That what the US has been able to do over the last year's essentially. Offset 60%. Of the reduction in output that the data nations and Russia and birds and bad guys are on the world. Have tried to you know create in order to prop up. Their revenues their governments. The US is now on in this position where it has tremendous leverage to undercut Russia Saudi Arabia OPEC. And you know try to keep oil in that good sort of fifty to sixty dollar a barrel. Consistent suites what did you know tends to. Keep the economy functioning yea go back to about a year and a half ago in the US was producing about eight point two week point three million barrels per day. The latest numbers from the DIA. The US last week produced an average of 9750000. Barrels a day so about one and a half million barrels and span of eighteen months. And as a very rapid increase and so you continue to see more production coming on line. And I think it's gonna continue right now is you look at the rig count mrs. Kind of one of those leading indicators of where production is going. Rig count for this week up fifteen rigs recount for the last year up to eighty now to 939. So. Continuing I think to see more rigs you know go and into the ground more new opportunities for oil. And I think we cross that ten million mark probably in the next 68 weeks to be and why we're and I think many listeners like the idea that we move away from oil that we move towards we government Tesla a moment ago. Towards electric vehicles in the meantime oil and natural gas or reality over life I don't know about you but I'm much happier buying them from America them. Bynum from miscellaneous tyrants and format your loss of terrorism and repression around the world. Yes and and you look at what has gone on with US oil consumption. It's it's interesting when you look at it on a per capita basis right now per person. We effectively use about 25%. Less oil right now than we did back in the 1970s. The worries that our oil demand is stayed consistent is just. We still have a growing population. But per person we are using far less oil because we have more fuel efficient vehicles are power plants are more efficient. You know the the boilers that after house or more efficient if you're at home heating oil. And so all of those results. Ian lower overall net usage. On a per person basis although a number that might blow people away in New England December 25 to January now and we burned two million barrels of oil. To keep the lights on is that right natural gas plants you can get enough natural gas had to turn. To burning oil and and not to stab but you know there were days that 8% of our electricity used are from coal. Because of the lack of natural gas capacity ten of those those power plants of last resort that they still yet to keep on standby just in case they need the capacity and edit realize that. Tremendous number and you know it it's. In a matter of days you undo months worth of good from switching to natural gas to produce electric toaster. Quick message on behalf of leader bank it is another we can another great reason. The cult leader bank of one talked about their brand new offer T 21 months CD with an annual percentage yield. One point 75%. You need a minimum balance. Of a thousand dollars to open the account and earned a PY again it's 21 months in an annual percentage yield. Of one point 75%. You can take advantage of leader bank's new certificate of deposit. And grow your savings today again APY is one point 75%. With a minimum of a thousand dollars required to open the account. For more information cult leader at 877691. 7900. That's 8776917900. Logon to leader bank dot com fees could reduce earnings and a penalty may be imposed for early withdrawal. Leader bank a step ahead member FDIC. Equal housing lender. Story had a whole foods that apparently. They're running out of food in some places and customers are happy Peter. And this is an interest in story that come stress from. This from CBS. Or were you actually eater -- camp and if you dig into it there are reports that this new. Inventory system the came on line before Amazon but all foods in June 2017 is leading to. Shortages of things like bananas and onions and potatoes can need those things I gonna say as an ex journalist. My skepticism is there zero numbers in here there's no. Context for just how bad this is there's basically one quote from once were manager saying I've never seen so many empty shelves in my store. But it's very hard to know just how bad is this and how widespread a problem as the. Yeah I mean that that one store for all we know could have been unit two weeks ago when there is a a blizzard bearing down on the northeast and people just wanted to stock about potatoes because hey you don't know when you're gonna be able to get out maybe you wanna make some spectators to the stay good forever. You know late. You don't know exactly what's going on there. I do wonder. You know just whatever you have a merger. There are always you know some things that you have to work out I wonder if there are any kinks but you know as you mentioned. Is there are no numbers in terms of hey here's here's how many stores are having these problems vs how we normally do. All grocery stores you got there on the wrong day. And that there is something no matter what you know you if you show up. On a Sunday night you know you can find bananas has ever won Sunday morning clean about any notes correct and the other thing you know you won't see this week it will be next and possible. To tease this out from Amazon's share price. Hundreds and hundreds of dollars you won't really be able to see. Just how bad as Wall Street concluded this problem of whole foods inventory relief is that. Absolutely let's take a quick break down when we come back we're gonna be joined by Larry Kudlow senior contributor to CNBC he's gonna be coming on the financial exchange. Right after this break on the financial exchange radio network. The financial exchanges all over New England to go to financial exchange showed dot com and search for the station closest do you. This is the financial exchange radio network. Tony seventeen saw record growth in the stock market and I hope that bodes well for all you when your clients of ours are not hi this is Mike Armstrong the incredible arises stocks was really due to a couple of key factors first corporate earnings which are substantially last year and second the so called bank stocks made the FaceBook Amazon apple Netflix and alphabet formally known as do. Which had profound effect on economic growth in the market can when he eighteen B is good or better time will tell but the signs are there that more growth is certainly possible I got a brand new guide out this month that reviews the market's performance from last year and forecast what might come this year it's called the 2017 year in review and 2018 forecast and you need your free copy by calling 803934001. That's 803934001. Or download it right now and Armstrong advisory dot com. Security suffer through securities America incorporated member finreg SIPC an advisory services are with the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. As we -- long term care is something to make sure you -- for how quickly -- your assets being depleted if you had to write checks to the tune of 141000 dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year two point 16. If you or a loved one are faced with an unexpected nursing home study and you haven't -- your -- yet before you write that check picked up the phone and call the experts at -- and -- at 8668485699. -- and -- and has been helping families just like -- protect their assets for more than thirty years and they put together in new -- for this month called claiming for procrastinators. -- are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the -- right now from our website legal exchange showed John John. Hi this is chuck and Mike here from the financial exchange and as we head into 28 team like a wanna talk about one of the key themes 2017 is that and that was via a disruption by technology companies. Lot of major industries yeah it's true you know we talk about the Amazon effect it's not the only one but it certainly it was a huge elephant so if you take a look at. In their activity in 2017 alone you saw the large purchase a whole foods markets which was you know a very very big disruption to that overall grocery industry. Obviously Amazon and a lot of tech companies they've disrupted retail to this point but now we start hearing about other sectors that are potentially in the firing line so to speak next year healthcare travel all kinds of areas the potential here race. Yeah I mean you really do need to keep an eye on the Amazon effect we talked about retail obviously a Toys 'R' Us is in bankruptcy proceedings Sears JC Penney Macy's all really struggling to keep up and now you're right gathers rumors that there were flying around ams on my interest in getting into the pharmaceutical delivery business which who knows how to make an impact that's sort of industries so that you gotta keep an eye on it you always got to be wondering about what is the Amazon affect what is the Google effect and how are they going to change the investment landscape for 2018 and beyond. Folks 20s17 obviously was a great year in the markets but you do need to be prepared for what's coming next and so Armstrong advisory group is put together this great guide titled when he eighteen the year head it is free to get in all you have to do. Is call 800. 393. 4001. Or go to our strong advisory group dot com to download again 80393. 4001. Or Armstrong advisory group dot com. Security suffer through securities America incorporated member finreg SIPC and advisory services are through through securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are on the affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. They say video pads ten pounds. But don't tell Berrian judge in the financial exchanges alive every day on FaceBook and YouTube and this is the financial exchange radio network. Joining us now on the line is seniors contributed to CNBC and author of JFK in the Reagan revolution Larry Kudlow joins us. And Larry thanks for coming on. The blue good morning good morning. Larry let's start with the good news today I think it's probably time to take a victory lap on the news of apple repatriating are likely to repatriate nearly 250. Billion dollars how do you feel. You know it's almost a transformational. Bad because it's apple. Which like you know one of our greatest corporation. And in terms of are worth maybe the greatest corporation America had in any case what they've done. You know bring in the the money home. Announcing I guess 350. Billion new and best men. And men giving their workforce. Restricted stock. The big companies' stocks are bought. That I had covered all the bases or at the wage earners land. The economy went through greater investment. And of course the money coming from overseas. Which would generate close to forty billion. And additional budget revenues the lord adept that I mean at the home run and really the big picture here as transformational. As well because look. That tax cut plan. In the very beginning to work. Faster than anybody thought possible over a hundred companies reporting in various pay raises one I'd rather Wal-Mart raise in the minimum wage. They are plowing that money is no investment. They are gonna grow the economy the work and folks are I think it benefits. This is very transformational. And out some reporters are still in shock about it but they really should just read the evidence. Larry beyond just the headlines that we see one of the things that struck me as for the last five or six years. In order to go through its buyback programs and paid dividends Apple's been borrowing billions of dollars because they couldn't bring that money back. So all of a sudden you have all this you know extra money where you don't have to go through this financial engineering you can run a more efficient company in a more streamlined one as well. I yes I think so I like that point. You don't have to jump through. All the groups that you were jump through. Couldn't turn out to be less costly here from the transactions standpoint. And certainly simpler from a business standpoint. I mean you know it. That money itself. It is almost symbolic is after all. Their bring home cash or kind of kept it in half percent rate I think they're gonna do it all wants by the way and not gonna take the eight years allowable under the new law. But it was invested in you know US. Whatever treasury bills treasures securities. And other investment. So it's not a they didn't have the money. But it wasn't taxable money and you noticed seventy transactions got beat pretty complex yup which is cautiously. So this just make every it's streamline everything Agha that the point you're making and it's good point. Larry I wanna turn our guard sites to kind of the the international picture right now I know your big strong dollar guy. In the last year we've seen the dollar week in about maybe 1213%. Were still above where was in that period from 2012 to 2014. But it is that anything that concerns you at all or do you think this is a temporary phenomenon. Well liked and I am surprised. I'm surprised because. With the new tax bill and the past reaction to it by. Corporations. We all capital returns real investment returns. After tax gone up. And I would have thought by now the dollar would be reacting to that so I registers and surprised now as you say. If it's off of that and status so in the past that two weeks and it is still higher than it was when it collapsed and and and a few years ago. But I'm keeping an eye out because I don't want a serious thinking dollar and I don't want to hear rising you know gold price. Gold adopt that same about the dollars down. And I keep that I had that I don't like that I think of those trends continued. I would start thinking about an inflationary pressures and it might. I'd distract from the overall improvement in the big investment pitchers so. I'm not. Particularly worried about it now but I have one and I. I by the way right toward okay I'm not a traitor by. I would by the dollar on this week at. These kind of investment owns almost always generate really strong currency and they are not inflationary. Because you're creating more goods and services. From the new investment incentives. Does anything with what China's doing was trying to launch so one don't want denominated oil futures concerning about the dollar's place internationally there. Now. Guys just not about if you want around and it's got to produce is not a free market will grow I think that. It's teacher dispute should you Juan. Will ultimately be determined by. You know whether China stays with the free market or tried to keep its capital controls. They've loosened deter some places and report back. Now this only one world reserve currency not dollars. Looking at where we are heading over the next couple months and no one of the items that is on the agenda is continued NAFTA negotiations any update on where things stand there. Well I reported earlier this week on NBC that the president was leaning. To negotiate. Really negotiate. Rather than withdraw from NAFTA. It probably has not been totally totally. Determined yet right. But I think that's where he's gone I think he's moved away from withdrawal though he told withdrawal you know out there are probably as a bargaining chip. I think if we walk away from NAFTA there would be very negative consequences. Two business. To business confidence. To the stock market I think the stock market. Would be very disappointed in what have a shot correction that we pulled out of NAFTA. So I'm watching it closely. I'm hearing from the west wing it that's not the way they're an ago. The negotiations. Which I think resume and in Montreal next week yeah there are going to be difficult in archetypes blog I guess that. But anything is better than withdrawal. So let's keep our fingers crossed. Or go to Larry let's go enjoy the weekend we'll talk to you soon. Much. Thank you that is Larry Kudlow senior contributor to CNBC. You know the story about apple bringing them money back what I found interest in that Larry mentioned there. Was they were going to taking years to this he said no they're probably gonna do it all once that's a big chunk of change coming back in pretty quickly and I'll lot of money that can go out and tend to believe NC apple given police some of those thousand dollar bonuses are better weigh in that was part of what you mentioned as well as you know they're gonna be giving normal you know retail employees. You know stock in apple so it's something where people say hey this is you know if if people give the criticism this is always something that benefits people who old Leo owns shares of the company. Apple saying. By and we want our employees to owned shares of the company we want them to participate. In our good fortune here and so I'd be interest in seeing. One of the things that I think is probably good for corporate governance in general is win. Employees feel that they have an ownership stake or if they do have one in companies I see more companies do. Absolutely and it can be tax advantaged and incredibly. Effective way to get compensated. In in even if it's something you know if if you're someone who's working as a cashier at a McDonald's or Wendy's. You're not gonna get a hundred shares of McDonald's stock but even if they just give you. You know one share for every three months that you workers something like that something where you feel that you have a stake in the company and that if the company does well you're gonna do well to. I think it's it's the kind of thing that just helps a little bit. From eight retaining employees in BE. Make sure that everyone kind of moves up if the economy's doing well and trademark in this is design a plan it's going to be who am I next talker it's gonna become the next wave Alia yes sir yes we we need we need to mark that. One last story to cover here Softbank now the largest stakeholder in Hoover as they have finally closed on their deal. Two by. A significant chunk of the company here. And one of most interest in things I think about this story is it the who brought is he not get traded publicly this deal values the company out 48 billion dollars rather than 68 million dollars. And I think people are kept in and that as revolutionaries Hoover is it's cat. So much ban corporate behavior a lot of baggage there and there's it's very unpredictable you never know what's going to be the next nasty story come from Hoover and they've got you know a lot of countries that are banning letters saying. This in is invective taxi service that should be regulated. Well what I do like is with a new CEO Derek has a shot he taking over last summer. He does appear to kind of like we we like to see with CEOs says look let's get all the bad stuff out. Make it public let people know hey here's all the things we are doing wrong in next year though is going to be critical of him showing. Not a we've gotten all the previous bad stuff out but each stop new. Bad events from happening again you can't be. You know harassing your drivers anymore you can't have sexual harassment in the work place you can't. Have you know poor background checks you've got to get those things squared away the next you're a pivotal one for. So any interest to see where you know same plan as mr. Flannery General Electric and all the bad stuff out now that's what it's all about. That's all the time we have for this hour talks out of Peter out Tucker Silva. We'll see you soon on the financial exchange radio network. Hi this is Barry Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should talk we all work hard but if you reach the point where you're looking to the future call me at the Armstrong advisory group were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention to your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me a call at 803934001. That's 803934. Zeros or one or you can connect with me online at Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917. To 900 that's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by a leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and limitless number 449250. Subject to credit approval -- -- a step ahead as we -- long term care is something to make sure you -- for how quickly -- your assets be depleted if you had to write checks to the tune of 141000 dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and -- average cost is expected to increase to 169000. By the year 20/20 six if you or a loved -- are faced with an unexpected nursing -- study and you haven't -- your -- yet before you write that check picked up the phone and call the experts at -- and -- at 8668485699. -- and Dolan has been helping families just like -- protect RSS for more than thirty years and they put together in new guide for this month told claiming for procrastinators. -- are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or when he eighteen having now wrapped up 2017. And Mike one of the biggest things that investors need to keep in mind this year or the upcoming mid term elections that are going to be held in November and the effect that they can have on markets both over a short period of time. But also over longer time span. So yes certainly there's always uncertainty when you head into election years we've already seen some early elections that took place in Alabama New Jersey Virginia does have been giving us some sorts of indications of what we might see but it is largely unpredictable so we'll have to take a look and you know see how that impacts markets or how hypothetically could impact markets leading into the end at 2018 between ninety. One of the things that investors need to be cautioned about is is heating conventional wisdom that certain election results are going to be either battered good we saw that twice. In 2016 with both breaks it and the Donald Trump collection markets move the opposite way of what people looks. Acted right edgy you know if you're listening to Talking Heads on television everyone said why out Donald Trump went for a C a huge market correction what happened Dow futures traded down overnight and then we're up the next you know really the next twelve months out with wrecks that you saw quick dip over about a week period then and made all that money back up very quickly so it really depends on the situation. Folks what 2017 is in the books you do need to be ready for what's coming in 2018 and so are strong advisory group has put together a guide titled 2018. The Euro ahead it's free of charge no cost in all you do to get it. Is call 800. 3934001. Or go to Armstrong advisory dot com. Again those numbers 803934001. Armstrong advisory dot com. Security suffer through securities America incorporated member finreg SIPC and advisory services are offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Precious metals are Smart meaningful investment. One ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally we just make sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead the calendar has turned and a new year is here it's time for us to reflect back on the year that was in the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 -- a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failure that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Dirty suffered two securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. You are better than one that everyone knows that that's where offering to Alan's one ticket. You can he added tax and wildcat mounts in the same day Imus. There's just twenty minutes apart in the number ones out in the heat. Do you know anything. Once again WR downhill this winner at added tax and wild cat nap. Ticket dot com for more information hi this is very Armstrong and I've told you for years about my relationship -- leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- bank is offering in -- savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice -- don't -- logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new -- savings account that has a one point 15%. Annual percentage -- and no minimum balance and remember this product is only available online so logon to leader -- dot com right now -- -- bank dot com -- -- a step ahead. And. This is the financial exchange with Barry Armstrong and sharks done us. You're exclusive look at business and financial news affecting your day your city your world stay info. In the end up today about the economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck saga. Brought here on the financial exchange Gerry Armstrong out for a well deserved day off and joining us in his place. Peter Howe and Peter is the former state house correspondent for the Boston Globe former chief daily business reporter for New England cable news. The current senior advisor in Denver on communications and Peter. Good happy here great to be here I don't know if I can possibly be in Barry's place but and I guess I'm sitting wary six. You are in various places trying to bring this even a quarter of the wanted that he brings. So we try to do here especially on a Friday and it's really only need it was kind quieting down towards the weekend there's no threat of a government shut down there's no news to cover on Amazon or anything it's it's very quiet. Derek well very quiet we do of this potential government shut down coming but let's talk a little bit about Amazon narrow wing their choice. On their second head quarters to twenty cities we touched on that a little bit yesterday but something struck me as I started going through the list that's out there at the first. Two of the cities that were listed are effectively in the New York metro area you've got New York City and new. Three of them are in DC. In the DC metro areas that you look at that you say. Is and giving us a sign that has a quarter of the the locations. Are in these two areas that those are two front runners. Well certainly the three the Northern Virginia Washington DC itself Montgomery County. You know I think. If you're Amazon and you can't not look at New York Pittsburgh has to be. On the list I think actually you know my take way on this list is the the real winners to maybe. Our Indianapolis. Columbus, Ohio yes you know being mentioned in the same breath as a Boston New York Raleigh in Dallas. What an incredible coup even if they don't wind up getting Amazon which I predict they won't I think. You're exactly where checked point view it as a collective finger on the scales for Washington DC Jeff Jesus has a nice house there he owns local newspaper. Lot of good reasons for bouncing year Washington State headquarters with the Washington DC technical it's seems to me that after I looked added that that. Kind of felt like a little bit of a sign there. I still think that Atlanta offers and things just because you've UPS being down there I have the sneaking suspicion based on nothing but Amazon once owned UPS at some point. I don't know if it's ever happened but I do I just have this is sneaking suspicion that that's something that's coming not now but maybe 23 years down the road. It's something that I continue to watch there. And also at techno and the PR guy and now and he's got incredible coup for Amazon and this is totally shifted. The national discussion it's no longer it was on taken over everything it's history in the mall. It's. You know gobbling up supermarkets and newspapers now it's what can we do it again the Amazon. To accomplish our club and money are on our. Met on an area and you know even. Talking about creating a bulb battle over tax breaks for the most powerful and wealthy. One of the most powerful wealthy corporations in America it's been an incredible PR coup for him. Again as you said no one's talking about hated there would be no replacing mom and pop retailers that is saying hey we can get 50000 good paying jobs in our city had we do that. And you know cities are are battling it out for it and it's not just the big cities but the small ones the ones that didn't make this final cut. Rhode Island coming out and saying hey you know we're just happy that we are in consideration here and and we were you know happy to be part of the process. Yes and you know great store in the Providence journal about. In as a team you know what compelling case that Allen had made. And later one has really got to catch you know we had general electorate taken of run Providence. As a potential headquarters we've had you know Amazon and take a look there there's good things on an island. In some ways you know better than. We've seen in in 34. Years reynolds' having a nice little turnaround. Yet it's you know you look at what they're doing there and the last five to seven years in particular what they're doing with TF green airport in trying to drive business you know through the airport into the state. I think has been phenomenal and you know it used to be get for the 80s90s and early 2000 Rhode Island kind of lagged behind the rest of New England in a lot of cases. As far as the overall economic activity. But he can make cases the last three to four years they seem to be turning the quarter now. You know there there really make it's good progress absolutely you know people links Buddy Cianci did with downtown Providence. Visually you know the ECB economy being kept up that and tremendous growth in international air service at a TF green reports on who says that Sunday they brought in new chief there when was acting maybe two or three years ago. Who's been responsible but you look at unity you gotta give a lot of credit to Jeanne Armando the the governor down there who was done just a phenomenal job putting the right people in the right places. Try to get this kind of growth going. Some other news that we saw on the Amazon front. Amazon after you know some comments back and forth said that among the proposals they're considering Boston instantly join one. Between Boston and summer they'll actually. And which would be fascinating to see. If if that comes to pass obviously a lot of tension and friction. Between normal Boston over the Wynn casino and Everett Joker Tony the parents will do everything could to try to torpedo that. And a you know real conflict. There's live right next where that things go now to about six I was literally right on the other side of that rotary. I was right there so like a pretty much said. I don't want to deal with trap the industry wants opens up that that was one of my mean decisions that led me to move is that your African that are kind of a nightmare as it is you know it's it's bad as it is now and I'd I just can't picture like trying to get home on a Friday night whenever one's trying to get to the casino. To sit there being. It's just all our rule casino aside what about Amazon. That the traffic still about there. Did like the traffic is awful tired I don't know what's Arnold's getting on its so part of it is. You know they do and a big rail expansion with the Green Line extension in there they're talking about trying to build some of this along those new law. New stations that they're gonna be set now. If they've added some new Warren's line stations as well that's it's helped transportation in that area. But the problem is when you look at Somerville the western part of the city. Developed more rapidly and better than the eastern part is that it's had access to the redlining entire time if that's where the Davis Square exactly the eastern half of the city you look at Sylvan square union square ball square the eastern half of the city. Has kind of been cut off is has had reliable mass transit now they've added a couple. Different orange line stops there the assembly one as well as one it. I think it's station landing or something like that that's a little further north Medford. So they've done some good work there but the eastern half of the city still. Yet that is if you look at kind of how things are split from an income perspective eastern half the Somerville. Is moralist develop them via the western side. I think you probably packing to a great extent the Kabul piece of IS oval comes into what we call for years north point Cambridge were in agreement gonna go through Christ your breath away from wheat beer yet or else the talking there and also that inner belt area I guess down towards yet kind of in that in that same area just that whole little. I don't even know what you would call that little neighborhood. A lot of industrial park type stuff in this area Summerville answered yeah yeah or better dollars about holiday and I'm Washington street I'd I would rate tax that. It's literally across the street from me. And some other news you know some thoughts on it now that Boston is Ian. The running for. Amazon coming to town. Things you need to do with where where do you stand in terms of what do you think Boston needs to be doing in order to get them into town Peter. You know as a bust Tony and part of me says hold out. And don't go Schilling for Amazon you'll go showering money on them you know were seen I think there's. Potentially a little bit of buyer's remorse in by estimate General Electric. And you know objective we. Potentially. Get less than we thought we were getting for the giant surf breaks up and I think if I am Amazon and one of the most important things that you can do is have your executives. Stand somewhere in the seaport at about 4:45. PM in the afternoon and say. Do we wanna deal with the this Boston has got to get its arms around. How you solve the seaport traffic mess the incredible you know lack of mass transit as I look at it. There should be work on on tomorrow to turn the Silver Line into a true. You know probably you've got a wrist and one of the lines down there whether it's ER into the blue won in one of those is probably the logical one. The other thing that I still find amazing from a transportation perspective. Yeah on the Blue Line you've got to Logan Airport stop. But then you've got to get on a blessing go to the airport actually there still is no mass transit the connects directly to the airport in you look at. Well so silverlight will take you but you know you it's not true it's not a true mass transit system though it's glorified bus exactly and so you'll get some of these other cities and you go down to DC needs a great I've got the metro that goes right into Reagan. I can get in and out now have to get Ghana on any car on a bus or anything. Ian out dawn you look at. Not Philly they've got the same set via a light rail that runs right through their take you wherever you wanna go in the city can hop on other trains you're good to go. A lot of these other cities have a more unified transportation plan and I think that's one of the biggest things holding Boston back is. The infrastructures agree and the mass transit just doesn't get you where you need to go. And probably the most logical place in Boston the whole Suffolk downs complex one of these customer beer line you've got not one but two. And be cable lines yes still kind of a nightmare to get in and out of here number one day in its sixty it doesn't have the infrastructure for that many hours exactly that's the problem is if via people drive and in its just not built for right now. So let's take a quick break when we come back Matt shoals for credit cards dot com. It's going to be talking about people's views on the debt that they have that's coming up right after this break on the financial exchange radio network. The financial exchanges line on FaceBook and YouTube watch Berrian chuck discuss the issues of the day and see which one smiles the most. Is who's the financial exchange radio network as we -- long term care is something to make sure you -- for how quickly -- -- -- be depleted if you had to write checks to the tune of 141000. Dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six if you or a loved -- are faced with an unexpected nursing home study and you haven't -- -- -- yet before you write that check picked up the phone and call the experts at -- and -- at 8668485699. -- and -- and has been helping families just like -- protect their assets for more than thirty years and they put together in new guide for this month called claiming for procrastinators. -- are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free -- today by calling 8668485699. That's 8668485699. Or download the -- right now from our website legal exchange showed dot com. Hi this is Barry Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should talk we all work hard and if you reach the point where you're looking to the future call me at the Armstrong advisor were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention to your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me call 803934001. That's 803934001. Or you can connect with me online at Armstrong advisory dot com. Juries are for two securities America incorporated member finreg SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated hi this is very are strong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deal and it got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with -- one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice and don't delay log on to leader bank dot com and all the information about this great offer and sign up today be for the rates change. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available on line so logon to leader bank dot com right now its leader bank dot com leader bank step ahead. Member FDIC a minimum Alex fees may reduce earnings -- subject to change without notice and may change after an account has opened the calendar has turned and a new year is here it's time for us to reflect back on the year that was and the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failure that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Securities are for securities America incorporated member finreg SIPC and advisory services over the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Get the most comprehensive weekly economic updates from CNBC senior contributor for Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. This segment of the financial exchanges brought you in part by leader bank it's not too late to get a great read on a home mortgage. And later back at some of the most competitive rates around so call 8776917900. Or visit we. To bank dot com for more information we to make is equal housing lender member FDIC and MLS 449250. Joining us on the line now is match souls from credit cards dot com you talk about how Americans view their debt in Matt thank you for joining us. Matt what exactly is this survey that you love put out just before we start to get into and integrity of. Sure we and we basically asked people wind they thought they'd be wooed. Be able to pay off the the debt that they currently have and what we found what is very encouraging. About 68%. To those. American adults with debt are confident that he'll ever be able to pay it off and that includes about. 30% to just say no I'm never going to be debt free so that's that's the scary thing. Now do you go into detail on these the types of debt that they have and how and in where their concerns are on that. Yeah we asked. Broadly. A bounce. All that but then we also broke it down into other. Types of debt credit card debt student loan on down the line and what we found out what is its. A doubt 13 of adults who have credit card debt. Don't think that there ever going to get out of it. You and that's the that was one of the highest numbers that we saw it we also asked people about Clinton they you'd debt is certain debt is good or bad. And we found their credit card debt edu and even something like a student loan. Is viewed as bad debt. So looking at the the overall statistics. Is there any group in particular. That is most despondent about the about the amount of depth they have. Yet generally the older you are with your debt. Indeed less confident you more about troop build need to pay for it so. More than 80% of the Silent Generation spokes seventy plus. Don't think they'll ever be able to pay off their debt that number drops down to about between seventeen about 65%. For. Boomers genetics and even millennial about two thirds of them don't think that they'll ever be able to. One thing that I found interesting is you know looking acts. The different types of debt that are out there. Is you mention that he did this survey on good debt vs bad debt. I was a little bit shocked at 13% of people still so they credit card debt was good debt that seems to me that we're not doing a good job educating near that 13% to hate this isn't something we should be caring. Yeah yeah add to a degree it's relative mean there and be good debt. Well various times mean really if if there's debt it allows you to kind of raised the ceiling on what you can earn or what's you can accomplish. Then it can be good debt. Assuming that you have a way to pay that a planned to pay that debt off. But if that debt is frivolous. In you don't have any way to pay it off and it's that it's real trouble. Did you go into in this survey. The reasons why people held some of that they have a did you not get into those aspects. We knew we didn't necessarily get into the wise but there could be as many wise is there are people and you know some people. Just made bad decisions. That was my case and I'm Taiwanese. Been put the truth is that a lot of people are really just the unexpected job loss. Or medical emergency away from being in real debt troubles but there's there's a lot of reasons. Looking at the the different types of death that are outstanding a couple that stand out here as typically you know hurting people who have the least ability. To then get out of bad situations. Payday loans in medical debt those those are two areas that you can just end up getting whacked it never dig out for five to ten years. Yeah payday loans with those with those interest rates can be just really out of control and medical. Is one of those bids. It's not that many people have but when you have those they can be just ash economical. Unions because it owed because. You have those medical issues you meet has. Issues with your incumbent being able to pay that back so it's a really challenging situation. As far as Americans view on their debt how's it changed over time their differences now in how much people borrow compared to. Twenty years ago and how they view that borrowing. More in terms of how they view it it's too it's a little hard to say that we certainly have. Much much more credit card debt. Now that we did twenty years ago we've topped one trillion dollars in credit card debt and has now even. Broken the all time high for card debt topping even what we had. Before the economic. Issues. So that those dads are clearly trending higher. In even though we have record levels now those numbers certainly in the keep ground. You'll Matt thank you very much for joining us we we certainly appreciate you taking the time of great weekend we'll talk to you soon. I thank you. Matt Schultz from credit cards dot com talking about the debt that US folks have outstanding. And almost two thirds of them think they're never going to be able to pay those back that Shaq in the idea of me dying would debts that my kids have to pay just that make me terrifies me would make me sick I even have kids that makes me nervous at that mad tremendous fascinating. Steady one thing that really grabbed me personally formats report was student loans. Yeah 23%. Say it's good dipped 45%. Say it's bad debt that went to college or went to graduate school problem debt and I don't feel like. That was worth the premier and conflict that was good debt to take at that's. That's somewhat worrisome I think if I'm in higher education. Well if it is and I think you know you'll get folks who were in there twenties and thirties folks are kind of via Tucker in my ages. And I think there is going to be reckoning when we start to send our kids to school because we see. Either ourselves or all of our friends who have these outstanding student loans they took out you know 50000 in loans. To go to college X and get degree why. And maybe it's because they came out in a bad economic time maybe it's because they had a degree that you know they thought they could do something with that they couldn't. The Valero bumblebee stayed in sociology. Exactly and it is so there are a lot of people who. I don't think that the top in colleges will be effective because your Harvard's of the world are always going to be able to get people to Dartmouth. You're departments of the world. Sure you know school like that but. The schools that are couple tears down that were charging 5060000. Dollars a year. I think there's going to be a big inning of the hurt because I think that people are going to start to look at it. More as an investment in not just hey here's new education and great pay whatever you can't fort but hey. Am I going to actually get something with all of this money that I'm putting in here. And I think in the next fifteen to twenty years there's going to be beat shake out on the as middle tears with sonic and tell you somebody would have two kids in college one headed college. The amount of discounting that goes on these always on with the second and third tier colleges and the quote unquote merit money essentially. That shake out the you're absolutely right to talk about it it's beginning it's happening just not on the sticker price but just okay we're showing sixty but you'll pay point 530. Quick break here we come back we're talking best. App chat laying off some employees and also you know waited planning a swanky your economy class on the financial exchange radio network. The financial exchanges and live on FaceBook so make sure to like your page and watch the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader banker calling learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back a step ahead. The calendar has turned and a new year is here it's time for us to reflect back on the year that was in the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failure that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. If you or a loved one are faced with an unexpected nursing home study and you haven't done your planning yet before you write that check picked up the phone and call the experts at Cushing and Dolan at 8668485699. Cushing and -- and has been helping families just like yours protect RSS for more than thirty years and they put together in new guide for this month called claiming for procrastinators. It'll are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed judge John. Are better than one that everyone knows that that's where offering to mountains on one ticket. You can add cash and wildcat mounts in the game day I'm the only. They're just twenty minutes apart in the number ones found in meat. You know and then once again WR downhill this winner at added tax and cloud cap now. Ticket dot com. For more information and everybody it's very Armstrong and I'm joined by estate planning attorney Todd what's from the law firm Cushing and dole and we're talking about. Last minute planning techniques that can help seed your assets from the high cost of a nursing home. And Todd here's a question I have for you what can be done last minute. To exceed your assets if your spouse suddenly has a stroke induced permanently confined to a nursing. Yeah and it's primarily about your home. You know that's the big asset that you want to assure you know well that bid if you've got money in CDs or brokerage account her diaries I mean I'm concerned about all. We that's a good point that you could lose because it's all at risk I think that's a point here higher rates at risk if CDs or risk your brokerage against terrorists everything and so many people don't think that's the case but it is. So I can tell you first and foremost it's easy for the house as long as the spouses living as they won't take it. At the house and her name doesn't have to match while you eat right please don't stop there because if you get sick in the house is at risk but at least two dodged a bullet. The bigger issue you're right there is all those dollars rather IRAs or not. And really at that time you you're probably looking at one of these last minute Medicaid in new techniques and is even her diary you can even for an IRA you may have to pay some income taxes to get to where you wanna be. But you know Communist a 141000 dollars a month and pay the tax cut so these these last minute annuity techniques. To put all the money into an annuity and how to pay out an income stream. To the healthy spouse. We'll get you there aren't like that not the best way to go you're better off doing advanced planning but there are last minute planning techniques you can take advantage or. Call Cushing and dole and 8668485699. That's their phone number you can download. In January guide by simply going to legal exchange showed dot com it's legal exchange showed dot com go to that website. Download the guide today or call 8668485699. Like us on FaceBook and follow us on Twitter ax TSB show you. Breaking business news is always first right here on the financial exchange radio network. Our poll question of the day up right now on financial exchange showed dot com. Is do you see yourself buying in electric car. In the next three years 19% saying yes 81%. Saying no. Doctor let's start with you want. One it didn't step on your daughter's room but I don't know. Yeah I would probably lean towards no because I like I don't know. Rule from Rome and the like Alec horse sees yes I like McCarty. You know earnings stuff and powerful with the current and stuff and our allies and from the real red scar never heard it described as quite like that but we might have to save that one via the UK you can't get whiplash and Tesla I've been one that went zero to sixty in four Hansack on a Tesla pitched him a Prius are few that chart really artist real. The print Prius you just hear that whine or the deal and it kind of makes that noise that you just make where it goes what. Watch what you need something right now sorry I can't do it on two types there's sixty in about twenty seconds yeah. What about you would you buy an electric car driving electric cars the next few years potentially makes sense I think my wife with loved ones especially forward. You know. Commuting in and around Boston yeah and you know get from becomes Dan to the Angus make cheap skate jeans and what's the price as compared might. The people Ford Fiesta that gets 37 miles again on you know very happy with Streep I just. The other obstacle that I have always been concerned about talking seriously is like I don't know where the hell output charging stations or where I'll go to church that I guess. Because I am I gonna install on my driveway you know. Range anxiety yes Marines exact yeah that's a think range anxiety and be charming like all I gotta run out of battery here what's going on. Death it's I think that's the biggest thing that keeps me from considering one right now is the battery you know a how long the battery last most of these electric vehicles the Max charges you know hundred Nady maybe 220 miles something like that. And then beyond that okay what's on out of fuel from what's amount of the electricity. How does take me to charge because right now five if I run out of gas yup I can fill up into that. It's because I'm sorry stressed enough as it is charged in the stamp my iPhone night I had a car and of mex Alfred and a champion mass. Will be announced some myths Tucker what if you could wirelessly charge your co host just put on a pass just put it on a path. And the electricity just seeps up into it you read a pad that test be plugged and yes that's a pad that people did. Shadow war so we've got an option for talk potentially but I've got charging citing more than range anxiety because. Look let's say that I'm making. A longer drive. Can't stop for eight hours charts at the you know so. I just I look at it from that perspective that's the biggest thing holding me back at this point. Snapped at laying off two dozen employees. Predominantly from their content team discount interest in Peter. Yet I would say don't panic this is a company with 3000 employees and I would bet we've got 24 people who leave on their own every month. But I definitely bigger proms snapped at my kids are at their four I can't be they will leave this chip platform. To me this certainly Twitter all over again and the worst thing that happens when you get christened the next FaceBook. So the IPO back in March 2053 this year last time it looked. Minutes ago there 1402. This year. And snapped it is struggling to live up to hide next FaceBook FaceBook for the under 25 crowd. It's just a topics to be. FaceBook really did set in unrealistic expectation. For IPOs you know you go through all the tech IPOs that we've had in the last century years now. There's no one else has even come close you go through you go through group bond twitters snapped chat. Go probe blue apron. Who lost we have a their talker what are some of the tech IPOs that we pad you name them all get it for that that's a real one but you go to on this list. Here is kind of the new warm. For startup tech companies like most of them don't turn into FaceBook and FaceBook it's. Ever used to watch that show Highlander. I've heard of that I don't know what is the tag line was there can be only one that's kind of what it is with FaceBook like that there can be only one company like that you you don't. Of multiple companies that space especially social media we'll remember MySpace or maybe we don't remember but we've heard of it. MySpace yet Friendster there were all these different things that were out there. They'll fail and failure is kind of the normally FaceBook is is very abnormal and that's why it's worth of 500 billion dollars right now but. I always get nervous on these tech IPOs to people's Elvis the next big thing in have to sit there and say. One guy in in people with snaps at this it'll that's were all the teams are oh. Okay where they gonna go next twenty used to be or where they'll war FaceBook used to be where they work FaceBook figured out okay now we can get into the older people that's where the money's. What are still hasn't figured that out snapped jets still hasn't figured that out is you can't go there you kids don't want you there. So yeah you'll get in I always just get nervous with big tech IPOs. United planning a swanky economy class on international flights that can be rolling out looks like some kind of premium economy. That is going to be between their traditional economy and business class little bigger seat they hardly to this team's pace he would. An American or be doing. Free alcoholic beverages that's probably the number one on the way up from the airline passengers. And a Clinton nothing's actually operate. Few Pedro somehow yeah all right that is a good point. And a little unclear if Bayh about exactly where they're gonna planned this in the united. Unfortunately does have. A pretty well deserved reputation for not being at the front of the pack on customer service at this is. In overdo the good move to try to get in the game with this premium economy were the ones who drag out the plane last you know the other doctor yes yeah. The unfortunately re accommodated him in the words of the seat the funniest thing that I saw after that was the the guy and Twitter that had re branded the entire back of the united play in the fight club section. It's an ego sting like you talk about bad PR for company that. That incident just especially since it was on video it I mean that's going to be the toughest thing now if you are a company. In you make a mistake everything's on videotape it's not like eighty's or ninety's where the story might get told the people say well was there embellishment. Everything's on video today. Well that's what people's first reaction is or instant record turn out their phone records and and help second houk who work like I I've never recorded some irony in place now. I've. But people do it to get down to being crisis PR and crisis communications. Oh yeah absolutely it certainly is. Quick word on behalf of Cushing and dole and as we age. Long term care something that you have to make sure you plan for how quickly would your assets being depleted if you had to write checks to the tune of 141000 dollars every month. According to Genworth the average cost of a private room in a nursing home in New England. He's a 126000. Dollars per year and that average cost. Is expected to increase to a 169000. By the year 20/20 six. If you or a loved one are faced with an unexpected nursing home stay in haven't done your planning at. Before you write that check pick up the phone and called experts at Cushing and Dolan at 8668. Story. 5699. Cause Jindal has been helping fairways just like yours protect their assets more than thirty years they put together a brand new guide for you. Title planning for procrastinators. Eagle off the strategies that can help educate you on the steps that you need to take. In order to protect your assets and protect your family. Do not put off this call any longer. Get your free guide today by calling 8668. For rate. 5699. That's 8668485699. Or download the guide right now at the legal exchange show. Dot com. The bankruptcy judge Peter ruling that a settlement. Triggered by a are triggering a GM pay out. Is an actor happen auto maker avoiding a one billion dollar stock payout. In apologies to attorneys and are listening audience that this was attorneys behaving at their most ski the 21 drafts of the settlement. All kinds of agreements and then the lawyers working for GM at the final hour managed to not get the signatures that were necessary for this to become legally binding I think. The upside to the extent there is one Ford GM shareholders is this look like it was essentially. Head GM. Not prevailed here they would have given away about one point 5% of the value of the company to a trusted. Subtleties I'm. Issues around and big ignition switch crisis so at the end of the day this is not a good day forward the legal profession. No certainly not. Stick a quick look at markets right now just to get updated on where we stand at the moment Dow Jones appears to be down about forty points at the moment the S&P is up about four points and NASDAQ up 23. In terms of big movers in the Dow just pulled up the components at the moment just to see who is moving around the most here. You know obviously Dow down you know while the other indices Europe suggests that there's a little bit of a flight of a movement away from safety here. In did you see that in some of the components that are of Nike up about 4%. Caterpillar up about point 8% United Technologies up point six the laggards that we have here. IBM GE American Express that was the biggest ones holding the Dow down at the moment let's take a quick break when we come back whole Monica from CNN money. To get to join us to talk about one of those stocks GE we're gonna talk about that right after this break on the financial exchange radio network. Did vote on our daily poll question. Had financial exchange show dot com while you're there fire of the media player and watch the show while you work. This is the financial exchange radio network. Tony seventeen saw record growth in the stock market and I hope that bodes well for all you win your clients of ours are not hi this is Mike Armstrong the incredible arises stocks was really due to a couple of key factors first corporate earnings which are substantially last year and second the so called bank stocks made the FaceBook Amazon apple Netflix and alphabet formally known as do. Which had a profound effect on economic growth in the market to 2018 B is good or better time will tell but the signs are there that more growth is certainly possible I got a brand new guide out this month that reviews the market's performance from last year and forecast what might come this year it's called the 2017 year in review and 2018 forecast and you need your free copy by calling 803934001. That's 803934001. Or download it right now and Armstrong advisory dot com. Securities offers you securities America incorporated member finreg SIPC advisory services are with the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the loss in your state. If you're a hard worker in you've created a successful business I've got a message for you they can help the business thrive and grow Titus is Daria are strong on behalf of the US Virgin Islands economic development authority. We all know how devastating this past hurricane season was. But the islands are already on their way back and the authorities economic development commission offers eight tax incentive programs for companies located in the US Virgin Islands aren't talking. About a competitive. Offshore tax benefit program that is sanctioned by the US government and it allows your business to lower its corporate tax burden by 90%. Many US businesses are already taking advantage of this tremendous program. If you're a business owner looking for tax breaks. Talked to the folks at the US VI economic development authority one under their website for all of the information that's US. VI. EDA. Dot org. As we age long term care is something to make sure you claimed for how quickly -- your assets -- depleted if you had to write checks to the tune of 141000. Dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six if you or a loved one are faced with an unexpected nursing home study and you haven't done your planning yet before you write that check picked up the phone and call the experts at Cushing and -- at 8668485699. Cushing and Dolan has been helping families just like yours protect their assets for more than thirty years and they put together in new -- for this month called claiming for procrastinators. -- are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed judge John. Are you financial advisor who's been serving your clients diligently unsuccessfully for the last thirty years how much longer be planning on operating your firm and if you're closing in on retirement. 100 years of combined experience in the financial services industry if you're interested please call me at 803934. Zeros or one that's 803934001. Or visit us online at Armstrong advisory. Dot com securities offered to securities America incorporated members Jenrette SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchanges all over New England to go to financial exchange showed dot com and search for the station closest to you this is the financial exchange radio network. Joining us now on the line is called Monica from CNN money and Paula no we're going to be talking about GE today so. Is there still further to fall or do you think that the other worst is over for the. I really don't know off the worst is over just yet there are a lot concerns about. What the future. You know strategy is going to be yet think that even and you see you know. Talk lotteries indicated a pot break up you investors are wondering you know. What is bare of value that could get spun off. I think that's a big problem right now not even in you know splitting it up into pieces might be enough to CG. Well and and we've talked about that a bit here where it's one thing where you say okay we're gonna cut costs and areas XY and Z. But it's another to say hey here's the great product that we have that's gonna take us through the next ten years does GE have that product. I'm not really sure that they do mean anything GE continues to be a leader obviously in many. Businesses you know particularly with regards to you know the aircraft component yeah as well as health care but. There are so many other things that are tracking deep down that you know we really have reached a point where. The whole the whole conglomerate structure of the Italian Jack Welch and check them out. Helped to build I think people are starting to realize it's better to via it's much smaller leaner focused company. One of the things that struck me and I was talking to someone else about this earlier this week that area is that he even wants to keep around a potentially you know keep together. There are really any synergies before and just because you make great jet engine doesn't meet again making great MRI. It's near there's not a whole lot of pieces that can go back in force. No you're right it's still it is somewhat mission options businesses that don't recently. Relate to each other so to collect even if you are a leader in now aircraft components as well as health care equipment. What values that really boring to you know water conglomerate and I think that's really the big question is it a case where. Which he may be not true government intervention like that was that was the case with AT&T. Along time ago does he need to really bleak opposite approach of PPG because not even a split into separate companies have been enough to. So aside from me you know just putting the company upper and is there a chance that anyone would buy any of these pieces. There is the possibility that you could the G try and foul two. You'll maybe private equity firms are strategic buyers partner he'll be publicly traded companies out there but it. It really is you know going to be attentive very difficult path for Larry trying to figure out. We are the company goes from here. Very good Paul thank you for the time have a great weekend we'll catch and a lot here don't. Paula Monica from CNN money talking about GE in this segment of the financial exchanges brought to you impart. But the US Virgin Islands economic development authority. Hurricanes Kermit and Maria were devastating. But the islands are already well on their way to recovery if you're gonna start relocate or expand your business. The US Virgin Islands one of the most competitive business locations. In the Caribbean. Take advantage of the incredible taxes incentives. That are fully sanctioned. By the US government for more information visit USB. IE DA dot org that's USB. IE DA. Dot war. Funny story from canary yesterday they came out and they asked the FDA can you please define what in egg is because we feel that our competitors. Are using realize. Burger King Taco Bell on and on its if you go to pair you do get this nice messy. Ovaries EA got debris ocean and that clearly is an egg with a yoke. I personally I'd never. Thought that when I went to Duncan or about mcdonalds for breakfast and I was getting and in the other than they cooked liquid egg based protein product. Cooked a liquid egg based protein for a with the president really good turns of phrase on the on this show today yeah it's you know you go in there and you know no one ever thinks yet this is you know exactly like completely real you go in you know it's it's kind of like the chicken nuggets that I loved McDonald house. I know they're not chicken but I don't. Really care Sam preachers for economic DOS I'm pretty sure I could be wrong that they actually used a fresher at that might I think McDonnell does now I think they do him good for them because like how much money you're really sitting right having these like. Whatever the substitute and things are you know at the Dunkin' Donuts on the world it's like yeah to me that I won and that I think McDonald's did go to fresh eggs may be like 1218 months ago guy you can tell you can certainly tell they did not go to fresh chicken nuggets I can confirm that. The the chicken nuggets are still what ever they are and I don't care. No not organic chicken like iced now honestly like it's it's we we talk about guilty pleasures and on a bear has is chocolate that eats in this and that. You give me McDonald's chicken nuggets in public forty down I I and my normal orders of twenty strict on its move. It's 699. In its delicious and you can't convince me otherwise but panera. There's been on really the cutting edge of the kind of that the clean food. Business that they're one of the first people that started pulling preservatives in antibiotics at their agree it's and so forth and so you know here than just Ken saying look. We have fresh fruit here and not everyone else knows where and we wanna build a Buena shout that from the rooftops at this detail. In this CNBC's during that time earlier this year they've reviewed 450. Ingredients. And they are now says that Thurmond was court 100% clean in terms of artificial ingredients preserves. They they they put a good product on the table and the berries and huge fan of them. I think they do a good job with the foods high quality as well put together I mean apparatus and chicken nuggets Jack he's had sex. I'd rather spend the national like fort all is my lunch just because I know it's a better quality product and it's fresh food as opposed a you know mystery meats and world you know they've they've done a nice variety there too it's you can go there for sandwich but hey if you want us out that gets really and it's Al Chile via Mac and cheese their soups are really good I love their broccoli cheddar Somalia. I can do especially in the winter. Good broccoli cheddar soup that they'll carries through the day so easily now quick look at the markets right now just before we wrap open a couple minutes. S&P 500 still holding just north of 2800 up about three points. The Dow off 57 in NASDAQ is up eighteen. So little bit of a mixed bag in markets today. Gold up about six dollars an ounce at ten year US treasury. Still a little bit will be a little bit of a sell off in treasuries at two point 64%. Let's see where oil is afoot and get a handle on that it's got to be around here somewhere there it is 6305. Down about a dollar. That is all the time that we have for the day today for Tucker still look Peter island Chuck Todd we appreciate you listening. We'll be back on Monday with more right here from the financial exchange radio network.